# Aetna Excess Overlayer Indemnity Policy

## The Aetna Casualty and Surety Company
Hartford, Connecticut 06156
(a stock insurance company, herein called "Aetna Casualty")

## Declarations
- **Policy Number:** 001 XN 23410889 SCA
- **Named Insured and Address:**
  - International Business Machines Corp.
  - Old Orchard Road
  - Armonk, NY 10504
- **Policy Period:**
  - From: 05/21/93
  - To: 05/21/94
  - 12:01 a.m. Standard Time at the address of the insured
- **Limits of Liability:**
  - 40.00% ($10,000,000 Maximum) Quota Share of $25,000,000 Each Occurrence
  - 40.00% ($10,000,000 Maximum) Quota Share of $25,000,000 Annual Aggregate Where Applicable
- **Premium:**
  - Flat Charge
  - Minimum Premium:
  - Total Advance Premium: $96,530.00

## Endorsements
- XN13202: Section 2. Indemnity Agreement
- XN13203: Section 3. Schedule of Underlying Self-Insurance and Insurance
- XN13204: Section 4. Conditions (Continued Next Page)

## Countersignature
This policy is not valid unless countersigned by a duly authorized Agent of such company.

**Authorized Agent:** [Signature]
**Countersignature Date:** [Date]

**Signed for the above Company as insurer by:**
- **Secretary:** [Signature]
- **President:** [Signature]

16373 (11-91)